Zimbabwe Agribusiness Q4 2018
Our outlook for the agribusiness market in Zimbabwe remains largely positive over our five-year forecast period. We havemade a series of revisions, both upwards and downwards, to our forecasts this quarter. However, our key views for the sector remainintact. We expect the country to remain a net corn importer over the long term, despite a near-record 2016/17 crop and the deficitgap slowly narrowing through to 2022. Over the next five years, we expect the production of the grain to be volatile, as significantgrowth in 2016/17 will be followed immediately by a significant drop in output in 2017/18. The sugar sector will also strugglefollowing the end of EU production quotas. Consequently, although we project a domestic sugar market surplus, our forecasts arerelatively subdued despite our expectations for higher average prices than current levels in the coming years.
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